Eagle Asset Management Inc. decreased its position in shares of Amphenol Corp. (NYSE:APH) by 1.3% during the third quarter, Holdings Channel reports. The institutional investor owned 450,358 shares of the company’s stock after selling 5,802 shares during the period. Eagle Asset Management Inc.’s holdings in Amphenol Corp. were worth $29,237,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital World Investors raised its position in Amphenol Corp. by 2.9% in the second quarter. Capital World Investors now owns 21,581,295 shares of the company’s stock worth $1,237,256,000 after buying an additional 606,707 shares in the last quarter. AGF Investments Inc. raised its position in Amphenol Corp. by 5,829.7% in the second quarter. AGF Investments Inc. now owns 550,632 shares of the company’s stock worth $31,563,000 after buying an additional 541,346 shares in the last quarter. Vanguard Group Inc. raised its position in Amphenol Corp. by 1.8% in the second quarter. Vanguard Group Inc. now owns 27,415,320 shares of the company’s stock worth $1,571,720,000 after buying an additional 480,602 shares in the last quarter. Alliancebernstein L.P. raised its position in Amphenol Corp. by 4.7% in the second quarter. Alliancebernstein L.P. now owns 9,513,942 shares of the company’s stock worth $545,435,000 after buying an additional 431,308 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in Amphenol Corp. by 8.4% in the second quarter. BlackRock Fund Advisors now owns 5,181,488 shares of the company’s stock worth $297,055,000 after buying an additional 403,620 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.
Shares of Amphenol Corp. (NYSE:APH) traded up 0.93% during mid-day trading on Friday, hitting $68.67. The stock had a trading volume of 377,318 shares. The stock has a market cap of $21.18 billion, a price-to-earnings ratio of 27.58 and a beta of 0.98. The firm’s 50-day moving average price is $65.91 and its 200 day moving average price is $61.34. Amphenol Corp. has a 12-month low of $44.50 and a 12-month high of $68.67.
Amphenol Corp. (NYSE:APH) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. Amphenol Corp. had a return on equity of 23.48% and a net margin of 12.98%. The firm earned $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm posted $0.65 EPS. The business’s revenue was up 12.1% on a year-over-year basis. Equities analysts forecast that Amphenol Corp. will post $2.70 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Tuesday, December 13th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.93%. This is a positive change from Amphenol Corp.’s previous quarterly dividend of $0.14. Amphenol Corp.’s dividend payout ratio (DPR) is presently 22.49%.
APH has been the subject of a number of analyst reports. Goldman Sachs Group Inc. upgraded Amphenol Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $70.00 in a research report on Tuesday, September 20th. RBC Capital Markets restated a “top pick” rating and set a $66.00 price objective (up previously from $65.00) on shares of Amphenol Corp. in a research report on Tuesday, September 20th. Royal Bank Of Canada boosted their price objective on Amphenol Corp. from $68.00 to $69.00 and gave the company a “top pick” rating in a research report on Thursday, October 20th. Finally, Zacks Investment Research lowered Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $69.11.
In other Amphenol Corp. news, SVP Luc Walter sold 68,528 shares of the stock in a transaction on Monday, October 24th. The stock was sold at an average price of $66.35, for a total value of $4,546,832.80. Following the transaction, the senior vice president now directly owns 168,528 shares in the company, valued at approximately $11,181,832.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 295,000 shares of the stock in a transaction on Monday, October 24th. The shares were sold at an average price of $66.11, for a total value of $19,502,450.00. Following the completion of the transaction, the chief executive officer now owns 304,992 shares in the company, valued at $20,163,021.12. The disclosure for this sale can be found here. 2.92% of the stock is owned by company insiders.
Amphenol Corp. Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and coaxial and specialty cable. The Company operates through two segments: Interconnect Products and Assemblies, and Cable Products and Solutions.